Abraaj founder Naqvi released from UK prison after paying record bail

Pedro Gonçalves
clock • 1 min read

Arif Naqvi, founder of the collapsed private equity firm Abraaj Group, has been released on bail in London after paying a £15m bond. Naqvi, who had been detained at London's Wandsworth prison after his arrest in April, faces extradition hearings to the US, where prosecutors have accused him of defrauding investors, which he denies. "These past weeks have been an extremely challenging time for Naqvi and his family," Naqvi's spokesman said. "He maintains his innocence, and he fully expects to be cleared of any charges." "He maintains his innocence, and he fully expects to be cleared ...

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